ExNext

Sprint's 'Against the Odds' Turnaround Looks Less and Less Likely

Ed;

The sad part is that the entire truth still has not been disclosed. You are right on the money in regard to the atmosphere of fear that prevails at Sprint. (Particularly true if you are a legacy Nextel employee.)

As you recall from my previous posts, I forewarned that their bonds would hit junk bond status. That seemed to be almost a prophetic call as that has now occurred.

You may also recall that I inidicated that there are considerable issues with the creative accounting of commissions. If the statement above in regard to suits actually occurs I will tell you right now that it will be the complete unraveling of Sprint. Bankruptcy will be their only alternative.

The amount of money at stake here (in my opinion) may likely reach into the billions of dollars in regard to what the dealers and employees have been cheated out of. I am anxiously awaiting someone to file a class action suit which I will gladly give witness of what I believe is of evidentury value.

As you know I have now left Sprint and gone to a competitor. This after MANY years of devoted work as a Nextel then Sprint employee. THough I have just recently started, I am so far litterally amazed at the cultural difference in the organizations. I knew I was unhappy at Sprint, but in reflection I realize that I was just miserable and what a relief it was to leave that behind.

Sprint is in real trouble Ed. Their simply confusing plan will not be their saviour. Their media blitz (3 times average) of the new iphone clone will not save them either. The changes need to occur from within and that is not likely to happen in my opinion.

Though I try to make my predictions as literal as possible, there is information that I can not disclose even now due to prior confidentiality agreements, however I will make this prognostication for your readers. The nightmare with IPCS is going to hurt Sprint more severely than anything that has thus far occurred. One more prediction for you would be this. The first quarter earnings will be better than forecasted but this will be a temporary blip. Unless the new phone model somehow does wonders in June (which I predict it will not) then the second quarter earnings call will be an unmitigated disaster. Needless to say I will be selling my shares shortly after the Q1 call as I am expecting the stock to take a very brief bump upwards though I do not believe it will last.